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What is Baby Doge Coin and How to Exchange BabyDoge at the Best Rates?

What is Baby Doge Coin and How to Exchange BabyDoge at the Best Rates?
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Launching on June 1st 2021, Baby Doge Coin is indeed a “baby” in the world of cryptocurrencies. Just two months old, the cryptocurrency has amassed major support from fans all over the world quickly. One major supporter of Baby Doge is Tesla’s very own CEO, Elon Musk. Thanks to his tweets, Baby Doge Coin’s price went up by over 1,000% two weeks after launch. By the time it hit week three, it had accumulated a market cap of $200 million. By week four, it has amassed over 160,000 holders.

So far, Baby Doge Coin has been associated with Dogecoin a lot. According to the official Baby Doge Coin website, Baby Doge is the rightful “child” of Dogecoin that seeks to provide new and improved transaction speeds that Dogecoin could not. They express this by stating that Baby Doge Coin has garnered lessons and tricks from his meme father and predecessor, the Dogecoin. With that said, let’s take a deep dive into Baby Doge Coin, uncovering what it is, its features, and the differences between it and other famous meme coins in circulation today.

What is Baby Doge Coin and How to Exchange BabyDoge at the Best Rates?

What is Baby Doge Coin?

Baby Doge Coin is referred to as the “world’s best community coin” as it was created by fans and members of the Dogecoin community. In real essence, BabyDoge is a meme-crypto that aims at improving on the shortcomings of its predecessor, Dogecoin. It does so by increasing transaction speeds and adding more deflationary features that reward users of the coin. For every transaction that occurs, users are awarded a percentage of each transaction which gets automatically sent to each BabyDoge wallet in existence.

It encourages more users to hold the coin rather than spend it. Therefore, making it a “hyper-deflationary” cryptocurrency. This is because as more and more people hold it over time, it will become more valuable and scarce. What makes BabyDoge unique is the fact that it focuses on increasing its value for the user while simultaneously donating some of the currency to saving dogs. For instance, on June 24th, Baby Doge Coin announced that it has donated $75,000 to a non-profit organization known as PawsWithCause. 

What is Baby Doge Coin?

Key Features of the Project

Some of the key features of Baby Doge Coin include:

  • Rewards

As reiterated earlier, Baby Doge Coin is a deflationary token. Therefore, it’s designed to become more scarce as time goes on. All BabyDoge holders will receive more BabyDoge tokens into their wallets by simply holding on to BabyDoge. All holders automatically receive a 5% fee from every transaction on the network.

  • Auto & Manual Burns

Over 29% of the Baby Doge Coin supply has been burned. That means out of the 5% that’s redistributed throughout the network, 29% of it is distributed to the dead wallet. Therefore, coins are been burned with every transaction.

  • Charity Wallet

Baby Doge has a designated charity wallet that receives redistributions which they use to support their charity partners. One perfect example is PawsWithCause.  

Key Features of BabyDoge

The Differences between dog community coins

  • Baby Doge Vs Dogeсoin
 

Baby Doge

DogeCoin

Block Time Less than 5 seconds Less than a minute

Launch Date

2021

2013

Redistribution

5%

None

Save Dogs?

Yes

No

 Although BabyDoge and Dogecoin share a name, that’s just about it when it comes to similarities. The differences include:

  1. DogeCoin operates on its own blockchain while BabyDoge transactions take place on Binance.
  2. DogeCoin’s supply is unlimited while Baby Doge supply is finite.
  3. Dogecoin is inflationary while Baby Doge Coin is deflationary.

Baby Doge Vs Dogeсoin

  • BabyDoge Vs Shiba Inu
 

Baby Doge

Shiba Inu

Block Time Less than 5 seconds About 10 to 15 seconds
Launch Date

2021

2020

Redistribution

5%

None

Save Dogs?

Yes

No

 Both the BabyDoge and the Shiba Inu have been promoted on Twitter by Tesla CEO Elon Musk. Thanks to his promotions, both coins have gained some significant popularity in the crypto community and experienced a substantial price rise. Some of the differences between Baby Doge and Shiba Inu include:

  1. Shiba Inu operates on the Ethereum blockchain while Baby Doge transactions take place on Binance.
  2. The Shiba Inu has a speculative use to it given that it shows positive signs of future growth. BabyDoge has no practical use whatsoever. Since prices rose thanks to Elon Musk’s tweets, it’s hard to predict the performance of BabyDoge.
  3. The Shiba Inu doesn’t donate or give to charity. BabyDoge has already given out money to support charities that help save the lives of dogs.

BabyDoge Vs Shiba Inu

  • Baby Doge Vs Keanu Inu
 

Baby Doge

Keanu Inu

Block Time

Less than 5 seconds

Launch Date

2021

2021

Redistribution

5%

2%

Save Dogs?

Yes

No

Charity-Based

Yes

Yes

Both BabyDoge and Keanu Inu are community-driven meme coins. However, Keanu Inu is delivering a lot more by following Keanu Reeves’ footsteps in making regular contributions to charities. Some of the most notable differences between Baby Doge and Keanu Inu include: 

  1. BabyDoge’s redistribution rate is at 5% while that of Keanu Inu is at 2%. This means that for each coin, every transaction results in 5% and 2% rewards for each holder respectively.
  2. Unlike BabyDoge, the Keanu Inu has NFT for charity whereby for every NFT sold, the revenue is shared between the NFT creator and the Keanu Charity Wallet 50/50.

Baby Doge Vs Keanu Inu

  • Baby Doge Vs Kishu Inu
 

Baby Doge

Kishu Inu

Block Time

Less than 5 seconds

Unknown

Launch Date

2021

2021

Redistribution

5%

2%

Save Dogs?

Yes

No

Both the Baby Doge and the Kishu Inu are meme tokens that have little to no use cases or value. Both are worth mere cents. Some of the notable differences between the two include:

  1. Unlike the Kishu Inu, BabyDoge is committed to helping save the lives of dogs. While the Kishu Inu does support charities, it doesn’t specifically support dog charities.
  2. BabyDoge has a 5% redistribution reward system while Kishu Inu has a 2% redistribution reward system.

Baby Doge Vs Kishu Inu

How to Exchange BABYDOGE?

BabyDoge is a coming-soon token for Swapzone. Stay with us and you’ll be able to exchange any crypto to BabyDoge on Swapzone at an eye blink very soon. Meanwhile, we have Dogecoin, Kishu Inu, Keanu Inu and Shiba Inu available for all the dog lovers.

How to Exchange BABYDOGE?